Shiny Chemical Industrial Company Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021
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Shiny Chemical Industrial Company Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was TWD 2,721.351 million compared to TWD 1,839.195 million a year ago. Operating income was TWD 519.045 million compared to TWD 334.679 million a year ago. Net income was TWD 433.433 million compared to TWD 284.849 million a year ago. Basic earnings per share from continuing operations was TWD 2.41 compared to TWD 1.58 a year ago. Diluted earnings per share from continuing operations was TWD 2.4 compared to TWD 1.58 a year ago. For the half year, sales was TWD 5,015.153 million compared to TWD 3,817.565 million a year ago. Operating income was TWD 970.906 million compared to TWD 657.421 million a year ago. Net income was TWD 811.428 million compared to TWD 556.347 million a year ago. Basic earnings per share from continuing operations was TWD 4.51 compared to TWD 3.09 a year ago. Diluted earnings per share from continuing operations was TWD 4.48 compared to TWD 3.07 a year ago.
Shiny Chemical Industrial Co., Ltd. is a Taiwan-based company primarily engaged in the manufacture and sales of chemical solvent series products and the trading of raw chemical materials. The Company's solvent series products include electronic grade solvents, industrial grade solvents and formaldehyde series products. The electronic grade solvents include normal butyl acetate, propylene glycol monomethyl ether and acetone. The industrial grade solvents include normal butyl acetate, shinytate, normal propyl acetate, Ibo-Butyl acetate and others. The formaldehyde series products include formalin, urea glue, melamine glue and others. The Company distributes its products in domestic market and to overseas markets, including Korea, Vietnam, Hong Kong and other areas.